BUSINESS Newsmen Hurt Williams Takes East Catholic in El Salvador Verbal Thrashing Icemen Triumph Number of Collectors Growing
Total Page:16
File Type:pdf, Size:1020Kb
16 - MANCHESTER HERALD. Wed.. March 3. 1982 BUSINESS Newsmen hurt Williams takes East Catholic in El Salvador verbal thrashing icemen triumph Number of collectors growing . ... page 4 ... page 5 ... page 10 . ; .................. ..... Wine c6n be profitable investment and spend less than $15, Sichel recommends the Is the stock market driving you to drink? Looking for age. And here, the good years are 1945, 1947, 1953,1959, 1961, 1966, 1970, 1975, 1978. following: In white — a Liebfraumilch semidry German Snow tonight; Manchester, Conn. an alternative to securities? . Burgundy (a province of France) is a small wine- wine, a dry Macon, (a French Burgundy) or a California Well, if you’re one of the country’s 20 million wine producing area with very small estates and less con Pinot Chardonnay; in red: a California Cabernet showers Friday Thurs., March 4, 1982 drinkers or one of the growing number of amateur or ' sistency of quality; thus much more caution is called Sauvignon or a Beaujolais from France. professional wine collectors (now numberihg upwards Dan Dorfman — See page 2 25 Cents of 400,000), here are some ideas that should whet your for. Here, the good years are 1959,1966, 1969,1971,1972 investment buds. and 1975. A wine portfolio for fun and profit Syndicated The only other winbs worth collecting for appreciation If you come across a Heitz Martha’s Vineyard Opening Cabernet Sauvignon 1974 at your local liquor store Columnist in both quality and value, according to Sichel, are: (1) 1982 1985-E (retail price: $55), snap it up instantly. In .just three the California, cabernets — years 1964; 1966,1968, 1970, Price 1976 1974, 1978; (2) Sautemes and Barsac, both sweet wines years, it’s likely to be worth about $200. Ckjrton-Gharlemagne from the Bordeaux country — years 1959, 1967, 1871, $ 11.00 $50 $90 Or if you happen to have buried in your cellar a N (Jadot) 1971 25.00 1975, 1978, and (3) sweet German wines, namely, Glos de Vougeot Chateau Leoville-Las-Cases 1961 that you bought at the 60 95 opening price of $2 and a friend offers you the going Auslese, Beerenauslese and (get ready for this dilly) (Jadot) 1971 15.00 20.00 Trockenbeerenauslese — years 1971, 1975 and 1976. Le Musigny (Jadot) 1971 16.00 35.00 75 100 iT U R K E Y price of $120 — which, by the way, would be an illegal In an accompanying chart, our wine connoisseur has G REECE^ transaction since individuals are not allowed to sell AN IMPORTANT RULE of thumb: You should wait Ghateau ITALY Gov., O'Neill put together a list of 20 wines that he believes make 10.0 0 ' 75.00 150 250 wine or spirits — don’t sell. The reason: By ’85, vthat at least 10 years to drink one of the great wines; the Lafite-Rothschild 1966 same bottle of wine should be worth about $200. sense for pleasure and profit. Each is already up sharply Ghateau Latour 1966 8.29 70.00 175 250 from its offering price. But according to Sichel, you pay greater the wine, the longer it takes to mature. r Now to some specific do’s and don’ts from Sichel: Ghateau THI.S ADVICE COMES from one of the world’s a price for rarity and quality ... and the potential is Ducru-Beaucaillou 1966 4.00 20.00 42 90 leading wine experts — Peter Sichel, the 59-year-old there for considerably more appreciation from current • Decide how much you can afford and get a SICILY knowledgeable retailer or wine specialist to guide you; Chateau chairman of H. Sichel Sohne of Mainz, Germany, the levels. Leoville-Las-Cases 1961 2.00 20.00 120 200 Uedlterrenean Sea producer of Blue Nun and an exporter of German wines For example, if you’re willing to spend $45 for one of you can’t do it on your own — it’s too complex. •Vital reading material: (1) “The Great Vintage Chateau to campaign to 81 countries. the California red wines — Robert Mondavi Reserve 4.50 300 400 Wine Book” by Michael Broadbent; it evaluates each Lafite-Rothschild 1961 120.00 Khadafy threatens war Author and lecturer on wine-related subjects, as well Cabernet Sauvignon ’74 — chances are it’ll more than Chateau Petrus 1975 19.00 .i9.00 200 350 as a wine collector — he has a $50,000 wine collection in triple to about $150 in three years. The offering price famous wine vintage by vintage; (2) a subscription to 250 400 TUNISIA Decanter Magazine, a British monthly which includes ChUteau Yquem 1959 6.00 75.00 if U.S. 6th Fleet enters his Manhattan town house — Sichel told me at a recent was $30. Chateau Yqueih 1967 13.00 75.00 200 350 in luncheon that his travels around the United States had But let’s say you’re willing to spend even more, say tasting notes (experts taste the wines and evaluate their 101 250 these waters worth) and monthly auction wine results in London. Chateau Yquem,lu75 V 00 55.00 exposed him to an unmistakable trend. In brief, more $210 for a Forster Jesuitengarten Riesling, namely, an Chateau and more people — and increasingly at a young age — E.A. von Basserman-Jordan 1971. The price apprecia • Wine cannot simply be stored in a basement or 23 50 elsewhere in your house. It requires a temperature- LaTour-Blanche 1975 5.20 5.20 BRIDGEPORT (UPI) - Francis Tripoli for full term are collecting wines. tion could be a lot higher. Sichel figures this bottle of 'VLaTache (Domaine wine, which originally went for $34, could command a controlled environment (between 40 and 60 degrees) “Frank” Federici, a veteran fire The chief reasons, as Sichel sees it: (1) It’s the only 'Romanee-Conti) 1975 30.00 30.00 45 150 captain with nearly 28 years of ser way most people can afford really great wines when $500 price tag in ’85. with temperatures varying very slightly from day to QuH of Sidra ^ untested policies,” O’Neill- cen- day. You can buy a temperature-controlled wine closet Beaulieu la Tour vice, was scheduled to be off By Paul Hendrie they become mature for drinking, (2) snob appeal; FOR .THE GUNG-HO fraternitj'' (and the show- C.S. 1974 12.00 12.00 50 150 Wednesday but decided to switch his Benghazi: Herald Reporter tinued. collecting wines, observes Sichel, is like collecting (a decent one will run about $1,000) or you can store offs), there’s a bottle of wine from the year 1900 that Robert Mondavi Reserve shift so somebody else could have “Last month, all the governors French impressionist paintings — when you do either, your wine in wine-aging cellar^storage facilities which HARTFORD - Gov. William A. said to the president, ‘no more blank C . S . 1974 30.00 30.00 45 150 the day off. would really impress the folks. Originally priced at 75 are available in most cities. O’Neill, looking fit and cheerful and you become an important guy on the block. Heitz Martha’s Vineyard While helping to fight a fire checks.’” To a lesser degree, Sichel also points to the entice cents, but now going for $l,400, it’s a Chateau Lafite- • Buy case lots rather than single bottles — you get a claiming his right as heir to the late C . S . 1974 20.00 20.00 55 200 O’Neill said his goals would be to ment of a profitable investment. Though he reiterates Rothschild that Sichel estimates will be worth around better price. Wednesday at the Iglesia John Bailey’s Democratic tradition, Sterling Vineyard Pentecostal Church, a 2W-story, K hadafyltes^'' stress job training programs, pump the illegality of individual sales of wines — and, in fact, $2,000 in just three years. One warning from our wine expert: Don’t expect even 35 made it official this morning; He state funds into housing, provide OK, let’s say I’ve excited you and you’re ready to join the best wines to appreciate every single year. There C . S . Reserve 1974 15.00 15.00 100 wooden building on Bridgeport's 4 0 0 will seek four more years at his job. he thinks one should only buy wine for pleasure, never Forster Jesuitengarten east side, the roof collapsed, killing LIBYA adequate funding to cities and towns the wine-collecting fraternity or expand your current are times — such as in ’74-’76 — when the French'wine O’Neill made his announcement at for investment — he observes that you can probably Riesling T.B.A. (E.A. Federici. Three other firefighters and promote education. collection. market collapsed because the soaring wine prices in m ile s — ' (AFRICA) the opulent governor’s mansion, turn over a wine collection to an auction house that can von Bassermann-Jordan) were injured in the blaze. But he qualified these goals. First, then, to the red Bordeaux from France which previous years weren’t being matched by a continuity of which was packed with leading sell it. And if chosen properly, he believes the wine represent about 80 percent of collectors’ wines. There 1971 34.00 75.00 210 500 Federici, 52, who was assigned to “We have to do all of this, and "portfolio” can yield a handsome profit. quality. And there can be market variations from time Democratic party and legislative are perhaps 5,000 wine-producing estates in the Chateau Engine Company No. 2, was the much more, within our limit, to pay to time. Libyan leader Col. Moammar Khadafy, unless America drops an atomic bomb on leaders, including State Ghairman the bills,” he said.